Bitcoin News Today: El Salvador's Bitcoin Bank Law Boosts Altcoin Demand 16% to 559.63%

El Salvador’s recent enactment of a Bitcoin-focused Investment Banking Law in August 2025 has intensified interest in cryptocurrencies that align with the country’s vision for blockchain-based financial innovation. The legislation allows licensed banks with a minimum capital of $50 million to offer Bitcoin and digital asset services to accredited investors, a move expected to attract high-net-worth individuals and institutional capital [3]. While the benefits of the law are initially limited to a narrow investor base due to a $250,000 minimum net-worth requirement [10], the broader market is already responding with optimism, particularly toward altcoins that serve key functions in decentralized finance (DeFi) and data infrastructure [1].

The Graph (GRT), Lido DAO (LDO), and Raydium (RAY) have emerged as top contenders in discussions around the best crypto to buy. GRT is currently trading at $0.09926, with a 0.85% dip in the last 24 hours. Despite the decline, its stable market fundamentals and relevance in the Web3 data indexing space make it a long-term candidate for inclusion in diversified crypto portfolios [1]. Lido DAO, on the other hand, has seen significant gains, rising 16.08% in a single day to $1.40, with trading volume surging by 241.88% to $541 million. The project’s $38.17 billion total value locked (TVL) underscores its growing importance in proof-of-stake ecosystems, particularly Ethereum [1].

Raydium has also shown strong performance, with a 11.32% increase in price to $3.36 and a 559.63% surge in trading volume to $397 million. The Solana-based DeFi platform benefits from a TVL of $2.08 billion and is well-positioned to capitalize on increased institutional and retail adoption in El Salvador [1]. Analysts suggest that as Bitcoin investment banks continue to expand their offerings, altcoins like LDO and RAY—which provide liquidity and staking solutions—may see further demand from new entrants to the market [6].

El Salvador’s bold move reflects its continued commitment to cryptocurrency as a foundational pillar of its financial strategy. Since its 2021 decision to make Bitcoin legal tender, the country has consistently pursued policies that integrate digital assets into its economic framework. The latest legislation not only reinforces this vision but also provides a regulatory framework that could attract more global attention and capital to the region [7]. While the long-term viability of this model remains under scrutiny, the immediate effects are evident in the rising interest in crypto assets and the growing participation of institutional players.

Bitcoin’s price has remained resilient near $118,000, and the approval of investment banks handling Bitcoin transactions has contributed to renewed investor confidence [5]. However, it is important to distinguish between actual performance and analyst forecasts. For instance, while some suggest that projects like Bitcoin Hyper ($HYPER) could benefit from the new law [1], such claims are forward-looking and not yet reflected in market data.

As the regulatory framework for Bitcoin investment banks continues to evolve, market participants are closely observing how private institutions adapt to the new opportunities. Projects that provide scalable infrastructure or financial tools for institutional investors are likely to see increased traction in the coming months. The success of El Salvador’s experiment will depend on its ability to maintain stability in a highly volatile market while building trust among investors and financial institutions alike [8].

Source: [1]https://bravenewcoin.com/partner/best-crypto-to-buy-as-el-salvador-opens-the-door-to-bitcoin-banks [2]https://www.mitrade.com/insights/news/live-news/article-3-1026984-20250810 [3]https://coincentral.com/el-salvador-approves-law-to-let-investment-banks-handle-bitcoin-transactions/ [4]https://www.ainvest.com/news/bitcoin-news-today-el-salvador-enacts-law-create-bitcoin-investment-banks-accredited-investors-2508/ [5]https://en.cryptonomist.ch/2025/08/10/bitcoin-hyper-reaches-8-million-mark-best-altcoin-to-buy-as-btc-holds-strong-at-118k/ [6]https://bitcoinist.com/ [7]https://news.bitcoin.com/new-investment-bank-law-in-el-salvador-opens-doors-to-bitcoin-products/ [8]https://banking.einnews.com/ [10]https://coincentral.com/best-crypto-presales-to-buy-now-4-coins-that-can-deliver-generational-wealth/